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Switcheo Network Review

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Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Exchanges

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Description of Switcheo Network

Switcheo is a Decentralized Exchange (DEX) built on the NEO platform. It allows for the trustless exchange of NEP-5 tokens and may expand to other cross-chain tokens in the future. The company aim to achieve a DEX network with cross-chain swapping capabilities between all the popular blockchains such as QTUM (QRC20) and Ethereum (ERC20), and research is being done for up and coming blockchains such as Zilliqa and EOS.

Reviews

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Type of review

Since I realized that Zilliqa is an accomplice of Switcheo, I thought that it was really fascinating to investigate the page and meet the very striking assets it offers. This page works under a decentralized origination that assists with overseeing crypto with more noteworthy chances of procuring beneficial assets.  The page loads content rapidly. It conveys an amazingly decent choice for exchanging. Also, there are a great deal of measurements for specialists expert. It is even uni

Pros
  • The venture is very practical and has a decent advancement in its website composition.
  • It talks through its outcomes dependent on numbers. With extraordinary capital, this undertaking turned into a pioneer.
  • It is being upheld by creative notable activities like the Poly Organization.
  • It likewise helps people and ventures to assemble their future through versatile arrangements.
Cons
  • No significant perspectives could be portrayed as regrettable ones.

Since I knew that Zilliqa is a partner of Switcheo, I found it pretty interesting to explore the page and meet the quite-notable resources it offers. This page works under a decentralized conception that helps to manage crypto with greater opportunities of acquiring profitable resources. The page loads content quickly. It delivers an extremely good option for trading. And there are a lot of statistics for experts analyst. It is even dynamic to explore the page from an analytic perspective.…

Pros
  • The project is quite functional and has a nice development in its web design.
  • It speaks through its results based on numbers. With great capital, this project became a leader.
  • It is being supported by innovative well-known projects like the Poly Network.
  • It also helps individuals and enterprises to build their future through scalable solutions.
Cons
  • No relevant aspects could be described as negative ones.

Revainrating 4 out of 5

SWITHEO NETWORK

Switheo Network is a decentralized cryptocurrency exchange that is scalable, designed with innovative products and cryptocurrency ledger hindrances breaking. Switheo Network supports NEP-5 tokens, ERC20 tokens and EOS tokens, altogether the cryptos you can trade with on it are 24. It ensures security above all, it is backed by team of highly innovative professionals, it gives you autonomous control of your funds and offers a 24/7 available support. Switheo Network charges 0.00274 for…

Pros
  • It is well secured
  • It is decentralized
  • It is scalable
  • It is trusted by about 96000+ users and still counting
  • It is well partnered
  • It has good liquidity
  • It has 68 trading pairs
Cons
  • It needs to list more tokens
  • It doesn't accept fiat deposit

Revainrating 3 out of 5

A decentralized cryptocurrency exchange.

This is a very well designed DEX that is surprisingly easy to use. It was the first of its kind for the NEO NEP-5 blockchain and also supports Ethereum ERC-20 and EOS tokens. Its stunning interface, non-conservative nature combined with cross-chain swapping capabilities make it an attractive choice for traders looking for a new go-to deck at the moment.

Pros
  • It strongly emphasizes that the exchange does not store user data and that confidential details such as your private key or password.
  • When you trade on it you can expect a smoother trading experience with better security.
  • It's also intuitive to use and offers a wide range of login options, just for anyone to quickly learn how to use.
  • It also provides an OTC trading platform that allows crypto buyers and sellers to connect directly.
  • The telegram support team provides 24-hour service which is good for a trader.
  • It has a low fee structure that is suitable for everyone.
Cons
  • Fiat currency not supported.
  • Also major cryptocurrencies not available.

Revainrating 4 out of 5

Switcheo Network - the next leader of DEX 2.0 is here!

Switcheo Network is one of the decentralized exchange 2.0. It is almost complete from the operation to the design. Trading on the exchange, users will have very positive feelings and experience. Right now, what it needs to improve is the usage and the popularity which needs a lot of efforts in marketing activities

Pros
  • - Switcheo Network is a famous multi-chain decentralized exchange that allows the users to trade assets on three different blockchains including Ethereum blockchain, EOS blockchain, and NEO blockchain. This is very huge because the number of tokens on these three exchanges are numerous and the number of active traders of these token are extremely big. The blockchains lovers sooner or later can easily find most of their favorite cryptocurrencies here without having to switch among different websites or using DEXs
  • - The interface is so perfectly beautiful that everyone who use it will give it so much love. The layout for function buttons is also out out this world, so easy to navigate where they are. Everything is fit on one screen and there is no need to scroll down and make it so inconvenient. It does look like a centralized exchange rather than a decentralized exchange. Users can switch between light mode and night mode as their desire
  • - Being DEX, Switcheo is secure from any attacks from the hackers thanks to the verification of the nodes on the three blockchains. It also requires no identities verification, registration, or any other private and sensitive information. Further more, users can trade on main net to earn profits, test net to check the exchange, and dev net to test the developments. Also, it does not ask for any deposit fees or withdrawal fees, users only need to pay for transaction fees as a must of every blockchain
  • - Users can reach always reach the customer support as they are always available. They will provide their help via the chat box on the support section of Switcheo dot netowrk or via the email
  • - The exchange is led by a team with much experience in blockchain, technologies, and financial which means it is well orientated. They also receive much advice from the leader of NEO and Zilliqa
  • - The exchanges have hosted many competitions and campaigns to get the attention from the community, keep them active on the platform, and promote the startups. These events have given a lot of benefits to its users
  • - Trading activities on this exchange are performed at ease as it is designed to give the same experience on the centralized exchanges. Buying and selling can be performed within a few tabs. For buying, they provide both Limit order and Market order. The exchange also calculate the estimated fees for makers and takers. There are four base cryptocurrencies for trading pairs: SDUSD, NEO, ETH, and EOS. Besides, there is also an OTC market so users can trade tokens directly to the other ones
  • - The exchange is open-sourced whose source code is shown on GitHub; therefore, the transparency and further development for the project is totally potential
  • - The exchange supports over ten different languages making it useful for the users from many different countries in the world
Cons
  • - Switcheo is a decentralized exchange so its performance depends heavily on the status of the blockchain. Transaction fees and times may go dramatically high if congestion happens
  • - The volume is too low so the liquidity of this exchange is not healthy. They need more effective marketing activities to catch the attention of more and more users
  • - Now, with three blockchains, we have to connect with the addresses three times. I cannot imagine if the exchange utilizes updated cross-chain technologies and enables more than hundred blockchains. This is a bad news for some one who holds many types of cryptocurrencies and is impatient